While normally, one would not want another person to hit the ceiling, we expect Bitcoin to do exactly that. It should rise into the orange zone between $42005 and $43073, which it has already touched once, and finish wave iv in orange, ideally at the upper edge. After it has accomplished this, Bitcoin should drop into the blue zone between $38748 and $35722 to complete wave v in orange as well as wave (i) in blue, ideally at the bottom.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.